In: Economics
1. Once again, quickly, what are the goals of rent control? Please list and discuss TWO ALTERNATIVE PROPOSALS to achieve the same goals that rent control laws try to achieve. 2. Please argue for and against each proposal that you discussed in question 1: What are the strengths and weaknesses in each proposal, in theory? Why are both proposals superior to ‘pure’ rent control in helping tenants, at least in theory? 3. How would you describe the relationship between a tenant and her landlord? Usually, which party has the ‘upper hand’? Which party is wealthier, typically? 4. My friend’s daughter was contacted by her landlord. He is lowering her rent 75% during the pandemic---but she has to pay the remainder back LATER. This sounds very generous, but, long term, how does this change the issue? 5. WHAT IS THE ISSUE HERE? IF A PRICE FREEZE IS NOT A GOOD IDEA IN THE LONG TERM, THEN WHAT SPECIFIC ACTIONS WOULD YOU TAKE IN ORDER TO IMPROVE THE LIVES OF TENANTS? WHY?